MeDirect

MeDirect
FormerlyMediterranean Bank
Company type
Public Limited Company
IndustryBanking
Financial services
Founded2004 (2004)
HeadquartersThe Centre, Tigné Point,
Sliema
,
Malta
Number of locations
2 branches
Area served
Malta, Belgium
ProductsRetail Banking
Commercial banking
Investment Services
Wealth Management
BrandsMeDirect
Total assets€5.9 billion (as of December, 2024)[1]
OwnerMDB Group Limited
ParentBanka Creditas [cs]
SubsidiariesMeDirect Bank S.A. (in Belgium)
Websitewww.medirect.com.mt

MeDirect (previously known as Mediterranean Bank) is a Maltese bank and financial services company. Headquartered in Sliema, its branches are located in Sliema and Victoria (Gozo).[2]

It operates a subsidiary bank also named MeDirect in Belgium.

In September 2025, it was announced that Prague-based Banka Creditas [cs] had completed the purchase of MDB Group Limited, the parent company of MeDirect.[3]

Overview

MeDirect is a digital challenger bank, with two main lines of business, retail investing and specialised mortgage lending.[4]

As a consequence of being designated in 2015 as a Significant Institution under the criteria of European Banking Supervision, it is directly supervised by the European Central Bank.[5]

MeDirect Bank (Malta) plc has a subsidiary bank in Belgium, which since 2015 has a Belgian banking license and operates as a direct bank known as MeDirect Bank S.A.[6][7]

The MeDirect Bank Mastercard debit card.

History

Beginnings

The bank started off as Mediterranean Bank in June 2004, becoming a fully licensed Maltese credit institution a year later.[8] Its headquarters and sole offices at that time were in Valletta. In July 2009, the bank was acquired and recapitalised by AnaCap Financial Partners LLP, a UK private equity firm.[9]

In 2010, Mediterranean Bank acquired a majority stake in Charts.[10]

Mediterranean Bank opened a subsidiary in Belgium in 2013 under the name MeDirect.[11][12] In 2015 the Belgian subsidiary obtained a Belgian banking license and operates as a direct bank.[6][7]

The bank grew in Malta, creating branches in Sliema and Gozo, and acquiring Volksbank Malta Limited in 2014.[13]

In 2014, Mediterranean Bank became Malta's third largest bank.[14]

New name and developments

In 2017, Mediterranean Bank renamed itself to MeDirect Bank (Malta) plc.[15][16].

In 2021, MeDirect launched its home loans service in Malta.[17]

In 2023, MeDirect launched its card services and hence entered the daily banking market.[18]

As at 31 December 2024, the MDB Group (to which MeDirect belongs) had a total of more than 155,000 customers who hold more than €5.9 billion in assets.[19]

Purchase by Banka Creditas

MeDirect Bank (Malta) plc announced that it had been notified in August 2025 that the European Central Bank had would not object to the purchase by Banka Creditas of all shares of MDB Group Limited, MeDirect Bank (Malta) plc's parent company.[20]

In September 2025, it was announced that Prague-based Banka Creditas [cs] had completed the purchase of MDB Group Limited, the parent company of MeDirect.[3]

See also

References

  1. ^ "MDB Group annual report and financial statements" (PDF). medirect.com.mt/.
  2. ^ "MeDirect branch operations". MeDirect. Retrieved 2023-05-04.
  3. ^ a b "MeDirect acquisition by Banka CREDITAS officially completed". WhosWho.mt. Retrieved 2025-10-02.
  4. ^ "Company Announcement" (PDF). borzamalta.com.mt/.
  5. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  6. ^ a b "Mediterranean Bank opens new bank in Belgium". MeDirect. 2015-06-16. Retrieved 2026-02-08.
  7. ^ a b "MeDirect wordt volwaardige Belgische bank | VRT NWS: nieuws". VRTNWS (in Dutch). 2015-06-02. Retrieved 2026-02-14.
  8. ^ "Five years in Malta – the Medbank experience - The Malta Independent". www.independent.com.mt. Retrieved 2019-06-26.
  9. ^ "MEDIRECT BANK (MALTA) PLC (Malta) - Bank Profile, formerly Mediterranean Bank plc - Bank Profile". thebanks.eu. Retrieved 2019-06-26.
  10. ^ "Mediterranean Bank plc acquires majority shareholding in stockbroking firm". Times of Malta. 6 August 2010. Retrieved 2019-06-26.
  11. ^ "MeDirect, la banque en ligne qui débarque en Belgique". RTBF (in French). 17 August 2013. Retrieved 2026-02-08.
  12. ^ Marij Vanherle (2015-06-02). "MeDirect wordt volwaardige Belgische bank". VRTNWS (in Dutch). Retrieved 2026-02-08.
  13. ^ "Mediterranean Bank completes €35 million Volksbank Malta acquisition". MaltaToday.com.mt. Retrieved 2019-06-26.
  14. ^ "Mediterranean Bank Group is now Malta's third largest bank with equity of €170 million". Times of Malta. 28 October 2014. Retrieved 2019-06-26.
  15. ^ "MeDirect board says MDB considering stratgic [sic] options, possible sale". MaltaToday.com.mt. Retrieved 2026-05-27.
  16. ^ "Condensed Consolidated Interim Financial Statements – 30 September 2017" (PDF). By virtue of a shareholders' resolution dated 15 November 2017, the shareholders of the Bank resolved to change the name of the company from Mediterranean Bank plc to MeDirect Bank (Malta) plc
  17. ^ "MeDirect Bank launches home loans in the Maltese market - The Malta Independent". www.independent.com.mt. Retrieved 2023-08-18.
  18. ^ Grima, Mariam (2023-07-26). "Seven Reasons You Should Apply For This Ultimate Debit Card Experience!". Lovin Malta. Retrieved 2023-08-18.
  19. ^ "MeDirect Bank - About us page". medirect.com.mt. 2024-12-31. Retrieved 2024-12-31.
  20. ^ "MDB Group Limited, Annual Report and Financial Statements, 2025" (PDF). p. 4.

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